Menu
STANDARD DETUCTION OF 40000 FOR AY 2019-20
Sir i want to know how to take the standard deduction of ₹ 40000. that weather i should take it on 80C like (150000+40000=190000) or before 80C like gross salary - 40000. sir please give with a example.. with clear explanation. thank you.
Replies (2)
"weather i should take it on 80C like (150000+40000=190000)"
NO
"or before 80C like gross salary - 40000."
Correct......
Standard deduction of 40,000 will be available under section 16(i)(a)
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
